Notes: Tiny orange/red globules on the broken end of a small rotting branch, possibly Oak. The whole main cluster is about 20mm x 10mm in size and even the largest globules are no more than about 1mm in diamter.
A week later, the globules had gone brown and shrivelled up.

Thanks Refugee,
I agree the shape seems to fit better but having looked up other examples of Wolf's Milk Slime, the colour of this example still seems brighter and the surface of each globule seems too smooth and shiny.

Unfortunately not. The photo's were taken on 25th Feb and I've only just got around to posting them. As stated in the Notes though, the globules had shrivelled/softened and gone brown a week later... does this make an idenfification any easier? From memory, I'd say their surface had remained smooth though.

If you view the original image and magnify it with the + you can see stalks on a few at the left middle of the image. It looks even more stunning enlarged! Fenwickfield has brilliant observation skills!

This should really go under a separate submission but just in case anyone is also interested in bugs... if you fully expand the 2nd image (_DSC4453) you can see a couple of tiny invertebrates on the left hand edge of the branch. They're black with what appear to be a few thick white hairs on their backs. In comparison with the globules, they must be only a fraction of a millimeter in size.